Cornerstone Strategic Investment Fund, Inc. $CLM Stock Position Increased by WJ Financial Advisors LLC

WJ Financial Advisors LLC increased its holdings in Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) by 69.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 444,915 shares of the investment management company’s stock after purchasing an additional 181,900 shares during the period. Cornerstone Strategic Investment Fund accounts for 2.6% of WJ Financial Advisors LLC’s investment portfolio, making the stock its 7th largest holding. WJ Financial Advisors LLC’s holdings in Cornerstone Strategic Investment Fund were worth $3,239,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Spire Wealth Management bought a new stake in Cornerstone Strategic Investment Fund during the 4th quarter valued at $30,000. Arax Advisory Partners lifted its position in shares of Cornerstone Strategic Investment Fund by 94.0% during the fourth quarter. Arax Advisory Partners now owns 3,731 shares of the investment management company’s stock worth $31,000 after acquiring an additional 1,808 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Cornerstone Strategic Investment Fund by 303.9% in the fourth quarter. Assetmark Inc. now owns 7,960 shares of the investment management company’s stock worth $67,000 after acquiring an additional 5,989 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Cornerstone Strategic Investment Fund in the first quarter worth $92,000. Finally, Larson Financial Group LLC grew its position in shares of Cornerstone Strategic Investment Fund by 14.4% in the third quarter. Larson Financial Group LLC now owns 11,578 shares of the investment management company’s stock valued at $96,000 after purchasing an additional 1,456 shares in the last quarter.

Cornerstone Strategic Investment Fund Trading Down 0.7%

NYSEAMERICAN:CLM opened at $7.58 on Tuesday. Cornerstone Strategic Investment Fund, Inc. has a 52-week low of $6.92 and a 52-week high of $8.53. The business’s fifty day moving average is $7.55 and its 200 day moving average is $7.71.

Cornerstone Strategic Investment Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.1215 per share. This represents a c) dividend on an annualized basis and a yield of 19.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Cornerstone Strategic Investment Fund Company Profile

Cornerstone Strategic Investment Fund (NYSE American: CLM) is a closed-end diversified management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to seek total return, with an emphasis on dividend income and long-term capital appreciation for its shareholders. Trading on the NYSE American, CLM offers investors exposure to a flexible portfolio designed to capture income opportunities across various market environments.

The fund seeks to achieve its objective by investing primarily in convertible securities, including both convertible bonds and convertible preferred stocks, as well as common stocks of companies with favorable risk-return profiles.